CyanConnode (LON:CYAN) Trading Up 7.1% – Should You Buy?

Shares of CyanConnode Holdings plc (LON:CYAN) were up 7.1% on Wednesday . The stock traded as high as GBX 12.85 ($0.17) and last traded at GBX 12.85 ($0.17). Approximately 388,711 shares changed hands during trading, a decline of 37% from the average daily volume of 613,235 shares. The stock had previously closed at GBX 12 ($0.16).

CyanConnode Trading Down 0.8 %

The company has a debt-to-equity ratio of 3.53, a quick ratio of 2.18 and a current ratio of 1.50. The firm has a market capitalization of £41.88 million, a price-to-earnings ratio of -1,200.00 and a beta of 1.60. The company has a 50 day moving average price of GBX 9.64 and a two-hundred day moving average price of GBX 8.62.

Insider Transactions at CyanConnode

In other CyanConnode news, insider John Cronin bought 315,689 shares of CyanConnode stock in a transaction dated Wednesday, September 25th. The stock was acquired at an average cost of GBX 950 ($12.33) per share, with a total value of £2,999,045.50 ($3,893,852.90). Corporate insiders own 17.75% of the company’s stock.

About CyanConnode

CyanConnode Holdings plc engages in the design, development, and sale of narrowband radio frequency (RF) mesh and cellular networks that enable Omni Internet of Things (IoT) communications in the United Kingdom, India, Thailand, rest of Europe, the United Arab Emirates, and internationally. It offers wireless communication technology for smart electricity, gas, and water metering; lighting control; and IoT.